STEng – BT

ST Engg Q1 profit up 20.9% to $134.37m

ST Engineering on Wednesday posted a 20.9 per cent increase in year on year earnings to $134.37 million for the first quarter ended March 31, 2012.

Turnover dipped 1.7 per cent to $1.54 billion from a year ago. Revenue of its aerospace and electronics sector was flat, while land systems and marine sectors registered lower revenue, down 11 per cent and 10 per cent, respectively.

The group posted earnings per share of 4.39 cents, up from 3.65 cents a year ago.

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